Rent Increase Notice Template

As a landlord or property manager you may increase rents on rental properties periodically.

Rent increase notice template. But before that it is important to mention that if you find yourself in a position of landlord then don t waste your precious time in writing rent increase letter. This letter sent on february 1 2018 marks official notice of our intention to raise the monthly rent from its current rate of 500 per month to 550 beginning on april 1 2018. This rent increase notice is one of the requirements of such procedures as it s meant to inform the tenant about the increase. Having a standard rent increase notice template on hand ensures you re sending a consistent message and simplifies your workload when renewal time rolls around.

Use these sample friendly rent increase letters as templates for your formal rent increase letter. The rent increase letter is a notice provided by the landlord that informs the tenant that the rent will be raised. Typically a landlord must send this letter to the tenant a specific number of days before the existing rent lease expires. Just download rent increase letter sample and rent.

Click on image to begin. A landlord may compose a rent increase letter as long as he adheres to specific legal procedures. How to serve rent increase notice. Then calculate the percentage increase you would like to effect.

It can include details such as the rate of increase and when the increase takes effect. This notice is to inform you that beginning on insert date of rent increase the monthly rent for the unit you currently occupy unit insert unit number which is located at insert property address will be increased to insert new monthly rent per month. Key elements of notice rent increase letter notice rent increase letter contains some elements and they are discussed below. Here is a simple agreement to use if you are looking to increase the rent on your tenant during the lease renewal.

This rental payment is due on or before the 5 th day of each month. You can add your own custom language within the fields. It is always recommended that landlords device ways to increase rents without losing their tenants at the same time staying within the legal limitations. Rent increases are a normal and important part of your rental business but it s far from good news for your tenants making it a chore for landlords.

Below is a free notice to increase rent template you can use and update on your own. As such landlords should fist know the market rent.